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HDFC Loan Against Property

HDFC Bank Loan Against Property is a blessing by the bank to it’s customers to fulfill all their cherished dreams as they can use their property as security and receive higher loan amount to fulfill their personal and business related needs. The bank offers speedy process of approval and disbursement with minimal documentation . HDFC LAP has longer tenure ranging from 12 months to 9 years at competitive interest rates ranging from 11.20% to 13.45% and flexible repayment options. With the benefit of lower EMI getting a loan cannot be easier.

You can apply for HDFC Bank loan against property online as well as by visiting bank branches. If you want to apply online, you must login the registration page of bank’s loan against property and enter the required details. Both existing and new customer can apply for loan against property online. Alternatively, you can visit the nearest HDFC bank branch to fill the application form, which would ask you to state necessary personal, occupational & income details, etc. Subsequently, you should submit the form at the branch along with photographs and other documents listed below.

HDFC Loan Against Property Documents required

If you are a salaried individual, you will require the following documents:

To know EMI per month, you just need to fill in the personal amount , the rate of interest and the tenure period. For eg., if you are taking a loan against the property of Rs 20,00,000 at the interest rate of 11.20% per annum for a tenure period of 9 years, the EMI per month is Rs. 29,473.

Latest News On HDFC LAP

HDFC Bank Ltd introduces digital loans against securities(LAS)

Private lender HDFC Bank Limited has recently introduced digital loans against securities (LAS). the bank has tied up with National Securities Depository Ltd (NSDL) for this. Under this process. Customers do not need to provide wet signatures while pledging shares. Customers can initiate shares directly through their demat accounts and give necessary approvals while applying for the loan. The bank approves it instantly and the money is credited to their bank accounts. The average interest rate on these loans will be 10.5 per cent and the minimum loan amount will be Rs 1 lakh. (Sources: Eletsonline)

Mortgage lender HDFC Ltd will raise Rs 775 crore by issuing bonds on private placement basis’s part of arranging long term capital. The object of the issue is to augment long term resources of the Corporation, HDFC said in a regulatory filing today.(Sources: Economic times)